FTX creditors to get $900M on July 31 after June 16 eligibility check

FTX Recovery Trust says FTX creditors will receive about $900M on **July 31, 2026**, the fifth distribution since the November 2022 collapse. The **June 16, 2026** record date means only FTX creditors with verified and registered claims by then qualify. For eligible FTX creditors, transfers are handled by Distribution Service Providers **BitGo, Kraken, and Payoneer**. Most recipients are expected to see funds **within 1–3 business days** after July 31. To access the distribution, FTX creditors must complete **KYC**, submit required **tax documentation**, and fully onboard through the **FTX Customer Portal**. Once funds are sent to a provider, account access and security responsibility shifts to the claimant. Key timing risks: FTX creditors that missed the June 16 compliance checks have a **~six-month forfeiture window** (until around **Jan 31, 2027**) to finish onboarding or risk losing eligibility. The article also flags a claim-transfer constraint: distributions go only to the **transferee** shown on the official claims register, and a **21-day notice** period must pass without objections. Recovery context: the “100%” recovery language refers to **claim value vs. allowed claims**, not immediate market-price gains. Prior rounds pushed several classes to full cumulative recovery, while this fifth round adds incremental payments for remaining classes. Trader relevance: this update mainly affects the timing of potential selling by specific **FTX creditors**, which can influence near-term liquidity expectations around estate liquidation—though it is unlikely to directly reprice the broader market.